Global Ginger Market accounted for US$ 3.05 billion in 2020 and is estimated to be US$ 6.91 with register a moderate CAGR of 6.2% over the forecast period. Ginger is the subterranean stem of the perennial herb ginger, which is used as a flavoring and additive. Ginger is commonly used as a zest, in pickles, confections, and as a medicinal or restorative herb. It is produced in a variety of humid and tropical economies, including as India, China, Indonesia, Brazil, and others. It comes in a variety of forms, including crude ginger, dried ginger, faded dry ginger, ginger powder, ginger oil, ginger oleoresin, ginger snacks, ginger beer, brined ginger, ginger wine, ginger squash, and ginger chunks. Gingerol is a volatile component of ginger that has been isolated, and many studies have been conducted to determine its pharmacological and deadly effects.
The report " Global Ginger Market, By Form (Fresh, Dried, Pickled, Preserved, Crystallized, and Powered), By Application (Soup and Sauces, Snacks and Convenience Food, Bakery Products, and Alcohol), By Distribution Channel (Retail stores, Hyper Market, and Online), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2020’’
Key Highlights:
- In 2022, The debut of the new HOTTA brand goods – ready-to-drink (RTD) ginger beverages for the future generation — has been announced by Swedish-Swiss Tetra Pak, a world-leading processing and packaging solutions firm, and New Concept Product Co., Ltd. (NCP).
Analyst View:
The market is growing due to the increased use of ginger oil, which has a variety of benefits. Furthermore, the use of ginger is on the rise as a result of its antioxidant and anti-inflammatory qualities, which allow it to act as an immune system modulator while alleviating inflammation-related symptoms. Ginger is good for skin care products since it contains many antioxidants that can protect skin from free radicals. Additionally, it can help acne-prone skin recover, even out skin tone, and promote circulation while also delivering extra advantages. This is causing an increase in the use of ginger in the personal care and cosmetics business, which is fueling market expansion.
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Key Market Insights from the report:
Global Ginger Market accounted for US$ 3.05 billion in 2020 and is estimated to be US$ 6.91 with register a moderate CAGR of 6.2% over the forecast period. Global ginger market is segmented on the basis of form, application, distribution channel, and region.
- By Form, the Global Ginger Market bifurcated into Fresh, Dried, Pickled, Preserved, Crystallized, and Powered.
- By Application, the Global Ginger Market bifurcated into Soup and Sauces, Snacks and Convenience Food, Bakery Products, and Alcohol.
- By distribution channel, the Global Ginger Market is bifurcated into Retail stores, Hyper Market, and Online.
- By region, Asia Pacific tea market is expected to account for major share in terms of revenue in the Global Ginger Market over the forecast period followed by other regions. The market in Asia Pacific is expected to account for major revenue share as compared to that of other regions. This can be attributed to increasing consumer awareness concerning the medicinal benefits of ginger for health in the countries of the region.
Competitive Landscape & their strategies of Global Ginger Market:
Key players operating in the global ginger market includes Atmiya International, SA Rawther Spices Pvt. Ltd., Monterey Bay Spice Co. Inc., Yummy Food Industrial Group, Indian Organic Farmers Producer Co. Ltd, Sino-Nature International Co. Ltd, Food Market Management Inc., Buderim Group Ltd., Archer-Daniels-Midland Co., and Floracopeia Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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